KNSL Kinsale Capital Group (KNSL) Q1 FY26 earnings call
Kinsale Capital Group delivered robust profitability in Q1 FY26, marked by strong operating EPS and ROE, despite a highly competitive E&S market. The company's disciplined underwriting, low-cost model, and technology focus allowed it to navigate headwinds in large commercial property, strategically shifting focus to smaller, more profitable transactions. Management expressed confidence in its adaptable model to perform across market cycles, maintaining a long-term low-20s ROE target.
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KNSL operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Combined ratio | 77.4%Kinsale's combined ratio was 77.4%.Source: earnings call transcript | 75.5%Kinsale's sales combined ratio was 75.5% for the quarter.Source: earnings call transcript | 75.4%Kinsale's combined ratio was 75.4% for the quarter.Source: earnings call transcript | -0.1 pt |
| Average policy premium | $12.2KIt was $12,200 per policy, down from $14,200 and in the first quarter of 2025.Source: earnings call transcript | ~$12KWith an average premium of approximately $12,000, our platform is built around smaller accounts, and that part of the market remained active in the quarter.Source: earnings call transcript | — | — |
| Insurance float | $3.3BKinsale's float, mostly unpaid losses and unearned premium grew to $3.3 billion at March 31 from $3.1 billion at the end of 2025.Source: earnings call transcript | $3.4BKinsale sales float, mostly on paid losses and unearned premium grew to $3.4 billion at June 30, up from $3.1 billion at the end of 2025.Source: earnings call transcript | $3.5BKinsale's sales float increased to $3.5 billion at September 30, up from $3.1 billion at year-end 2025.Source: earnings call transcript | +2.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.